IQM Quantum Computers
 | |
| Company type | Private |
|---|---|
| Industry | Quantum Computing |
| Founded | 2018 |
| Founder | Dr. Jan Goetz, CEO |
| Headquarters | Espoo, Finland |
| Website | meetiqm |
IQM Quantum Computers is a Finnish quantum computing hardware and software company headquartered in Espoo, Finland.[1][2][3] The company develops and commercializes quantum computers based on superconducting technology. Their goal is to become the leading European company in quantum computing hardware.[4]
Funding
[edit]IQM Quantum Computers has secured a total of over €600 million in capital as of 2025, ranking among the most highly funded quantum computing companies in Europe.[5][6]
The company announced a €275 million Series B round in September 2025. This round was led by Ten Eleven Ventures, a U.S.-based cybersecurity-focused investment firm, and Tesi, Finland's state-owned investment fund. It was the largest quantum computing funding round in Europe and the fourth largest round ever for a Finnish growth company to date.[6][7]
The Series B round attracted a diverse group of investors, including Finnish pension funds such as Elo Mutual and Varma Mutual Pension Insurance, the European Innovation Council (EIC). Previous major private funding rounds included a €128 million Series A2 round in 2022 led by World Fund, which brought additional international capital and advanced the company's R&D and scaling activities.[8] Other early investors have included Maki.vc, OpenOcean, MIG Funds, Vito Ventures, and Matadero QED.[9]
Public and governmental funding has also played an essential role for IQM. Among the most significant national investments, VTT Technical Research Centre of Finland was awarded a €70 million government grant in 2024 explicitly to fund the 300-qubit quantum computer project, in which IQM acts as the technology provider.[10] Earlier, the Finnish state approved a €20.7 million grant in 2020 devoted to the construction of a 50-qubit quantum computer developed by IQM and VTT.[11] At the European level, IQM has received grants and equity investments through the EIC Accelerator, as well as loans from the European Investment Bank (EIB), which provided €35 million to support the development and commercialization of IQM's quantum processors and its Espoo-based chip fabrication facility.[12]
References
[edit]- ^ "Finnish Quantum Startup IQM in Talks to Raise Over €200 Million". Bloomberg.com. Retrieved 2021-03-26.
- ^ "IQM Quantum Computers – Company Profile and News". Bloomberg.com. Retrieved 2025-08-15.
- ^ Butcher, Mike (2020-06-11). "European quantum computing startup takes its funding to €32M with fresh raise". TechCrunch. Retrieved 2025-08-15.
- ^ "Amazon Braket launches new 54-qubit superconducting quantum processor from IQM". Amazon Web Services - Amazon. 2025-07-21.
- ^ "IQM raises €275 million in round led by Ten Eleven Ventures". evertiq.com. 2025. Retrieved 2025-09-08.
- ^ a b "HS Visio | Espoolainen IQM on Euroopan suuri lupaus, joka sai jättirahoituksen". Helsingin Sanomat (in Finnish). 2025-09-03. Retrieved 2025-09-08.
- ^ Browne, Ryan (2025-09-03). "Quantum computing startup IQM raises $320 million as investors pile into the tech". CNBC. Retrieved 2025-09-08.
- ^ "Suomalainen kvanttitietokonevalmistaja keräsi 128 miljoonaa euroa". Uusiteknologia.fi (in Finnish). 2022-07-22. Retrieved 2025-09-08.
- ^ "Quantum computing startup IQM gets €11m in seed investment". YLE News. 2019-07-09. Retrieved 2025-09-08.
- ^ "IQM Quantum Computers to supply Finland | VTT News". www.vttresearch.com. 2025-05-20. Retrieved 2025-09-08.
- ^ "Finland invests €20m in country's first quantum computer". YLE News. 2020-11-17. Retrieved 2025-09-08.
- ^ "Finland: IQM's quantum fabrication facility gets a €35 million boost from the EIB". European Investment Bank. Retrieved 2025-09-08.